Archive for the Hotel Performance Category

Hotel performance remains strong in second quarter

Europe’s hotels have continued to show positive results in the second quarter of the year. According to figures from STR, occupancy, average daily rate (ADR) and revenue per available room (RevPAR) all showed growth when compared to the same period last year. STR suggested that the devaluation of the pound continued to drive inbound travel and stronger domestic tourism in the UK. Occupancy in the UK rose by 1% to 79.6% and ADR saw and uplift of 5.2% to £94.22. RevPAR increased by 6.3% to £75.05. London recorded an 8.4% rise in RevPAR to £127.33, due primarily to a 6.4%

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